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RITES Shares Rally After Securing Major African Rail Contract
RITES shares jumped sharply after winning a $35.
Shares of surged over 8% after the Navratna PSU announced a $35.2 million international order win. The company received a letter of award from for supplying and commissioning in-service diesel electric locomotives in South Africa, with execution planned over 18 months. The stock hit an intraday high of ₹252.28 on the NSE before paring gains. Separately, RITES also signed an MoU with the to support railway and transport infrastructure modernisation, strengthening its overseas growth pipeline.